From a technical perspective, PWAV has started to flirt with a breakout trade today since the stock briefly crossed above some near-term overhead resistance at $2.04 with high-volume. Traders should continue to look for long biased trades if PWAV can manage to close near its daily high of $2.05.

If we get that action, then look for PWAV to trigger its next major breakout once it clears $2.17 with volume. Look for volume that's near or well above 782,159 shares. This stock could easily tag $2.60 to $2.95 if those levels resistance levels are taken out with high-volume soon.